Official says pressure on yuan won't bring change

China said it would not bow to political and speculative pressures to adjust the value of its currency, as US officials prepared to testify about the impact of China's fixed exchange rate on the US economy.

Zhu Guangyao, director of the international department under the Ministry of Finance, said in an interview posted on the website of the official Xinhua agency that current pressure from China's trading partners and punters betting on a revaluation of the yuan will not have the desired effec